Home / Crypto News / Ripple's XRP is 20% higher than the previous day, temporarily overtaking the market capitalization of ETH to 2nd place!

Ripple's XRP is 20% higher than the previous day, temporarily overtaking the market capitalization of ETH to 2nd place!

Ripple's XRP is 20% higher than the previous day, temporarily overtaking the market capitalization of ETH to 2nd place! Ripple's XRP is 20% higher than the previous day, temporarily overtaking the market capitalization of ETH to 2nd place! - shutterstock 1177747141 696x464

In the evening of November 6, Ripple ‘s XRP soared 20% price and rose to about 63 yen per 1 X RP, so I surpassed the market capitalization of Eliaryam and became second place . On November 7, 2018 in the morning, the market capitalization has reached third place again, but there is little difference in market capitalization with Ethereum.

Several factors of the price rise of XRP this time are considered.

table of contents

  • 1 XRP margin transaction started by OKEx
  • 2 SendFriend suggests xRapid adoption

XRP margin transaction started by OKEx

On November 6, OKEx, a major exchange in China, started adopting LTC and XRP for margin transactions. As a result, it is inferred that the volume of XRP trading has increased.

SendFriend suggests xRapid adoption

It is speculated that suggesting that remittance operator SendFriend, which is the association between MIT and SBI group, adopts US Ripple ‘s xRapid during this year is also a major factor.

In other words, SBI’s President Kitauro also commented that XRP will be widely used for the project under R3 last week.

Author: Crypto Times Editor – Source Post: https://crypto-times.jp/xrp-eth-marketcap/

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